Polkadot (DOT) price showed signs of a potential bullish reversal based on two technical indicators.
A short-term TD Sequential buy setup appeared on the 4-hour chart, while a long-term triple bottom structure indicated a larger price rally toward $16.93.
With DOT price trading around $3.72, these technical patterns suggested a strong reversal could follow, but only if key resistance levels broke.
TD Sequential Flashed Buy Signal on 4-Hour Chart
Analyst Ali Martinez reported that the TD Sequential indicator flashed a buy setup on DOT 4-hour chart.
This signal came after nine red candles in a row, suggesting the bearish trend may have exhausted.
The TD Sequential is used to detect price reversals and often marks the beginning of new short-term uptrends.
This signal formed while Polkadot price action compressed between $3.50 and $3.75. Such a squeeze can increase the probability of…
